CVR Energy Q3 Profit Plummets - Quick Facts

(RTTNews) - CVR Energy, Inc. (CVI) reported a sharp plunge in third-quarter 2014 net income to $7.9 million, or 9 cents per share, from last year's $44.0 million, or 51 cents per share profit.

The firm clocked net sales of $2.28 billion for the quarter, versus the prior-year figure of $1.98 billion.

Third quarter 2014 adjusted EBITDA, a non-GAAP measure, was $90.5 million, compared with third-quarter 2013 adjusted EBITDA of $42.4 million.

In addition, the company announced a third-quarter 2014 cash dividend of 75 cents per share, which would be paid on November 17, 2014, to stockholders of record on November 10.